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Nasdaq, Inc. NDAQ Total Cost of Revenue

Total Cost of Revenue at other companies

S&P Global logo
S&P GlobalSPGI
$1.24B+7.1%
Cboe Global Markets logo
Cboe Global MarketsCBOE
$543.9M-13.6%
MSCI logo
MSCIMSCI
$141.8M+3.7%
Freedom Holding logo
Freedom HoldingFRHC
$25.24M+104%
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
$2.19B+32.3%
Donnelley Financial Solutions logo
Donnelley Financial SolutionsDFIN
$73.9M+1.2%

Segments

By segment

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Market Services$730M-15.0%

Other financials

Income statement

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Revenue$2.1B+2.0%
Gross profit$1.4B+13.7%
Operating income$657.0M+20.1%
Net income$519.0M+31.4%
EPS (diluted)$0.91+33.8%

Balance sheet

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Cash & equivalents$1.1B-76.0%
Total debt$9.9B-2.2%
Total equity$12.0B+4.2%
Total assets$27.3B-10.9%

Cash flow

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Operating cash flow$689.0M+3.9%
CapEx$60.0M+22.4%
Free cash flow$629.0M+2.4%

Valuation

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Market cap$43.91B-11.2%
Enterprise value$52.73B-3.9%
P/E23×-15.7×
P/S5.3×-1.0×

Profitability

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Gross margin65.2%+4.2pp
Operating margin29.4%+4.6pp
Net margin23%+6.7pp
FCF margin24.1%+0.4pp

Returns & leverage

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Return on equity16.2%+4.8pp
Debt / equity0.8×-0.1×
Current ratio0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Nasdaq, Inc.’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nasdaq, Inc.'s total cost of revenue?
Nasdaq, Inc. (NDAQ) reported total cost of revenue of $730M in Q1 2026.
How has Nasdaq, Inc.'s total cost of revenue changed year-over-year?
Nasdaq, Inc.'s total cost of revenue decreased by 15.0% year-over-year, from $859M to $730M.
What is the long-term trend for Nasdaq, Inc.'s total cost of revenue?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s total cost of revenue has grown at a 5.2% compound annual growth rate (CAGR), from $2.47B to $3.02B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.